Islamabad, July 9, 2024 – Pakistan’s Federal Board of Revenue (FBR) reported a slight improvement in the country’s tax-to-GDP ratio, which reached 9% in the fiscal year 2023-24, up from 8.5% the previous year.
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The Federal Board of Revenue is Pakistan’s apex tax agency, overseeing tax collection and policies. Pakistan Revenue is committed to providing timely updates on the Federal Board of Revenue to its readers.
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FBR Records Nearly 5 Million Active Taxpayers for Tax Year 2023
Islamabad, July 8, 2024 – The Federal Board of Revenue (FBR) has reported a significant milestone, with nearly 5 million active taxpayers recorded for the tax year 2023 as of July 7, 2024.
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Tax Return Filing Season 2024 Begins in Pakistan
Karachi, July 7, 2024 – The commencement of the annual income tax return filing for tax year 2024 marks a pivotal moment for taxpayers in Pakistan as the Federal Board of Revenue (FBR) has officially launched the finalized return forms.
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FBR Nets 4.5 Million Potential Tax Evaders in Digital Dragnet
Islamabad, July 6, 2024 – Pakistan’s Federal Board of Revenue (FBR) has made a significant breakthrough in its efforts to combat tax evasion. In a briefing presented to Prime Minister Shehbaz Sharif, the FBR identified a staggering 4.5 million individuals with taxable income who are currently not registered within the national tax system.
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PM Shehbaz Asks FBR to Create Dashboard to Monitor Digitization
Islamabad, July 5, 2024 – Prime Minister Shehbaz Sharif, emphasizing the government’s priority of digitizing the taxation system to prevent tax evasion worth billions of rupees, directed the concerned authorities on Friday to promptly establish a dashboard to monitor the ongoing digitization and the implementation of reforms.
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FBR Makes Batch of 27 BS-20 Officers as OSD
Karachi, July 4, 2024 – In a sweeping move aimed at cleansing its ranks of alleged incompetence and corruption, the Federal Board of Revenue (FBR) has relegated a cohort of 27 officers to Officer on Special Duty (OSD) status.
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Finance Act, 2024: Rs100M Penalty for Failure in ITGO Compliance
Karachi, July 3, 2024 – The Finance Act, 2024, has introduced significant penalties for utility providers failing to comply with the Income Tax General Order (ITGO). The government has recommended a penalty of up to Rs 100 million for non-compliance.
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Aurangzeb Commends FBR for Surpassing FY24 Tax Target
Islamabad, July 1, 2024 – Finance Minister Muhammad Aurangzeb praised the Federal Board of Revenue (FBR) on Monday for exceeding the tax collection target for the fiscal year 2023-24.
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Active Taxpayers List Swells to 4.84 Million: FBR
Islamabad, July 1, 2024 – The Federal Board of Revenue (FBR) announced on Monday a significant increase in the number of active taxpayers, which has risen to 4.84 million based on returns filed for the tax year 2023 by June 30, 2024.
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IRSOA Congratulates FBR for Impressive FY24 Tax Collection
KARACHI: The Inland Revenue Service Officers Association (IRSOA) has lauded the Federal Board of Revenue (FBR) for achieving remarkable tax collection results in the fiscal year 2023-24.
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